Fiat upgraded to overweight at Morgan Stanley

SimonKennedy

LONDON (MarketWatch) -- Morgan Stanley upgraded Italian car maker Fiat
it:ffiaty
two notches to overweight from underweight, saying it expects "indirect, but nevertheless tangible financial benefits that can accrue to Fiat by partnering with the U.S., German and Italian governments." The broker also lifted its price target on Fiat to 6 euros a share from 2.6 euros.

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